CHARLIER-MERCIER: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CHARLIER-MERCIER
Largest movements
- Tangible fixed assets -€63,013
down €63,013 (-3.9%), from €1.6m to €1.6m
- Debts after one year -€90,645
down €90,645 (-32.3%), from €280,415 to €189,770
of which Financial debts: -€90,645
- Reserves +€49,172
up €49,172 (+11.8%), from €415,522 to €464,694
- Current portion of long-term debt -€31,807
down €31,807 (-26.0%), from €122,452 to €90,645
- Financial charges -€3,598
down €3,598 (-31.2%), from €11,547 to €7,949
- Gross operating margin -€1,781
down €1,781 (-1.2%), from €147,916 to €146,134
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,630,356 | €1,566,456 | -€63,900 | -3.9% |
| Fixed assets | 21/28 | €1,618,411 | €1,555,398 | -€63,013 | -3.9% |
| Tangible fixed assets | 22/27 | €1,618,411 | €1,555,398 | -€63,013 | -3.9% |
| Land and buildings | 22 | €1,618,411 | €1,555,398 | -€63,013 | -3.9% |
| Current assets | 29/58 | €11,944 | €11,057 | -€887 | -7.4% |
| Amounts receivable within one year | 40/41 | €2,542 | €2,053 | -€489 | -19.2% |
| Other amounts receivable | 41 | €2,542 | €2,053 | -€489 | -19.2% |
| Cash at bank and in hand | 54/58 | €9,402 | €9,004 | -€398 | -4.2% |
| Total equity and liabilities | 10/49 | €1,630,356 | €1,566,456 | -€63,900 | -3.9% |
| Equity | 10/15 | €434,122 | €483,294 | +€49,172 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €415,522 | €464,694 | +€49,172 | +11.8% |
| Distributable reserves | 133 | €415,522 | €464,694 | +€49,172 | +11.8% |
| Amounts payable | 17/49 | €1,196,234 | €1,083,162 | -€113,072 | -9.5% |
| Amounts payable after more than one year | 17 | €280,415 | €189,770 | -€90,645 | -32.3% |
| Financial debts | 170/4 | €271,415 | €180,770 | -€90,645 | -33.4% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €915,820 | €893,392 | -€22,427 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €122,452 | €90,645 | -€31,807 | -26.0% |
| Financial debts | 43 | €8,461 | €8,427 | -€34 | -0.4% |
| Credit institutions | 430/8 | €8,461 | €8,427 | -€34 | -0.4% |
| Trade debts | 44 | €2,535 | €1,083 | -€1,452 | -57.3% |
| Suppliers | 440/4 | €2,535 | €1,083 | -€1,452 | -57.3% |
| Other amounts payable | 47/48 | €782,372 | €793,237 | +€10,865 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,825 | €63,013 | +€188 | +0.3% |
| Other operating charges | 640/8 | €2,962 | €3,053 | +€91 | +3.1% |
| Gross operating margin | 9900 | €147,916 | €146,134 | -€1,781 | -1.2% |
| Operating profit (loss) | 9901 | €82,129 | €80,068 | -€2,060 | -2.5% |
| Financial charges | 65/66B | €11,547 | €7,949 | -€3,598 | -31.2% |
| Recurring financial charges | 65 | €11,547 | €7,949 | -€3,598 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €70,581 | €72,119 | +€1,538 | +2.2% |
| Income taxes | 67/77 | €22,458 | €22,947 | +€489 | +2.2% |
| Profit (loss) for the period | 9904 | €48,124 | €49,172 | +€1,048 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,124 | €49,172 | +€1,048 | +2.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.